It is a fraud to conceal a fraud.

Ignorance of the la\V excuses no one.

The acts of one partner bind all the rest.

A note or contract made with a minor or lunatic is void.

An agreement without consideration is void unless fully executed.

Signatures made with a lead pencil are good in law.

The law compels no one to do impossibilities.

A receipt for money paid is not legally conclusive.

Contracts made on Sunday cannot be enforced.

Contracts for advertising in Sunday newspapers are invalid.

Each individual in a partnership is responsible for the whole amount of the debts of the firm, except in case of special partnership.

Principals are responsible for the acts of their agents.

Agents are responsible to their principals for errors.

A note given by a minor is void.

A note drawn on Sunday is void.

It is not legally necessary to say on a note "for value received."

A note obtained by fraud, or from a person in a state of intoxication, cannot be collected.

If a note be lost or stolen, it does not release the maker; he must pay.

The indorser of a note is exempt from liability if not served with notice of its dishonor within twenty-four hours of its non-payment.

Notes bear interest only when so stated.

Checks or drafts must be presented for payment in reasonable time.

An indorsee has the right of action against all whose names were on the bill when he received it, unless an indorsement be such as would free the indorser from liability.

Part payments of a debt which has passed the time of statutory limitations revives the whole debt.

An indorsee may prevent his own liability to be sued by writing "without recourse" or similar words.

If the letter containing a protest of non-payment be put into the post-office, any miscarriage does not affect the party giving notice.

An oral agreement must be proved by evidence, a written agreement proves itself. The law prefers written to oral evidence because of its precision.

An indorsement should be written on the back of a bill or note.

The payee should be distinctly named in a note, unless payable to bearer.

No consideration is sufficient in law if it be illegal in its nature.

A bill may be written upon any paper or substitute for it, either with ink or pencil.

If two or more persons as partners are jointly liable on a note or bill, due notice to one of them is sufficient.

All claims which rest upon written contracts must be sued within four years from the time when they are due.

If the time of payment of a note is not inserted, it is payable on demand.

Notes falling due Sunday, or on a legal holiday, must be paid the day previous. Notes dated Sunday are void.

Altering a note in any manner, by the holder, makes it void.

If a note is transferred as security, or even as payment of a pre-existing debt, the debt revives if the note be dishonored.

The holder of a note may give notice of dishonor to all previous indorsers, or only to one of them. Releasing a prior indorser releases all who follow him. Indorsers are liable in their order; and each has twenty-four hours after receiving his own notice to give notice to those whom he wishes to hold liable.

The maker of an "accommodation" bill or note, that is to say, one for which he has received no consideration, having lent his name or credit for the accommodation of the payee, is not bound to the person accommodated, but is bound to all parties into whose hands it may subsequently fall in due course of business, precisely as if there was a good consideration.